5. Realities
«είσαι μικρός/η»
«η Κύπρος είναι μικρή»
«αυτά δε γίνονται στη Κύπρο»
«η σίγουρη δουλειά στο ∆ημόσιο» χμμμ…
∆ΕΝ ΥΠΑΡΧΟΥΝ €€€€ FUNDS…
The Chicken and the Egg Issue
7. Raising Funds
Same everywhere!
SV: Just because there are VC funds doesn’t mean
they will fund you!
8:10 do not get funded – Silicon Valley update
VCs don’t really jump to invest in early stage….
Funder of Pandora.com got rejected by 300 investors…
So?
Tip: Face it. Deal with it. Get on with it. ACT on it.
11. Don’t fall in love
with the
technology.
Fall in love with the
Step 1-x customer.
TALK.TO.THE.CUSTOMER.
Write /Revise BP.
Do Not Self - Fulfill your prophecies.
Note: There is always competition.
Build the product fast.
Test it.
Fail Fast. Rebuild/Retest.
Get Traction.
Lean Startup Methodology
12. Critical Success Factor: Make.Meaning.
Ambitious Entrepreneurs ask: “What do we
really want to do?”
a world class product whatever it is
have fun doing it
get involved in a business area or segment that
is at its “ground flour” and in its infancy
MIT, EDP
13. Be the aspirin for the customer’s headache
• Value proposition
• Pitch
• public speaking
15. Back to the Money issue
Plan to build your company without any outside investment
(Bootstrap). Then maybe you are ready to speak to potential
investors
Passion of CEO is the single differentiator between doing ok
and doing well
16. Creative fundraising
1. Apply for Crowdfunding (kickstarter)
2. Get a Loan from FFFs
3. Apply to Startup Chile!
4. Use your Credit Cards
5. Start Side Projects
Money shouldn’t be an objection when you’re starting a company. Be
creative. Carlos Solorio, Founder of Arden Reed, a custom
menswear company.
http://under30ceo.com/5-creative-ways-raise-money-without-giving-equity/
17.
18.
19. Have a Start-up Summer 2012!
;-)
www.diogenes-incubator.com
http://www.facebook.com/DiogenesIncubatorUCY